What is L3Harris Technologies Inc's earnings per share (EPS)?

L3Harris Technologies Inc (LHX) reported diluted earnings per share of $8.53 for fiscal year 2026. This represents a 8.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

L3Harris Technologies Inc Financials

LHX

Source SEC Filings (10-K/10-Q) Updated Apr 3, 2026 Currency USD FYE January

This page shows L3Harris Technologies Inc (LHX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI LHX FY2026 2026-04-30

Cash conversion, not balance-sheet expansion, is the main engine here: earnings turn into cash and help de-risk leverage while funding payouts.

By FY2026, operating cash flow of $3.1B was nearly double net income of $1.6B, pointing to profits that convert cleanly into cash. With capex only $424M, that cash remained available to raise cash on hand to $1.1B while long-term debt moved lower versus FY2023.

The balance sheet is acquisition-shaped: goodwill sits at roughly $20.0B against total assets of $41.2B. That means a large share of invested capital comes from purchased businesses, so return-on-assets figures understate how little physical reinvestment the current cash engine seems to need.

Short-term liquidity has stopped looking stretched; the current ratio moved back above the near-1.0x level seen in the prior two years as current liabilities eased. At the same time, capital returns stayed inside free cash flow in FY2026. Free cash flow of $2.7B covered dividends of $903M and buybacks without leaning harder on the balance sheet.

Financial Health Signals

Financial Profile 38/100

Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of L3Harris Technologies Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Leverage

L3Harris Technologies Inc carries a low D/E ratio of 0.47, meaning only $0.47 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 93/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

L3Harris Technologies Inc's current ratio of 1.03 is below the typical benchmark, resulting in a score of 16/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Returns

L3Harris Technologies Inc generates a 8.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 28/100. This is up from 7.8% the prior year.

Piotroski F-Score Strong

7/9

L3Harris Technologies Inc passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 3 leverage/liquidity signals pass.

Earnings Quality Cash-Backed

1.93x

For every $1 of reported earnings, L3Harris Technologies Inc generates $1.93 in operating cash flow ($3.1B OCF vs $1.6B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

N/A

EBITDA

$3.3B

YoY+4.0%

L3Harris Technologies Inc's EBITDA was $3.3B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 4.0% from the prior year.

Net Income

$1.6B

YoY+6.9%

5Y CAGR+3.8%

10Y CAGR+11.6%

L3Harris Technologies Inc reported $1.6B in net income in fiscal year 2026. This represents an increase of 6.9% from the prior year.

EPS (Diluted)

$8.53

YoY+8.4%

5Y CAGR+1.6%

10Y CAGR+5.6%

L3Harris Technologies Inc earned $8.53 per diluted share (EPS) in fiscal year 2026. This represents an increase of 8.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$2.7B

YoY+24.7%

10Y CAGR+15.3%

L3Harris Technologies Inc generated $2.7B in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 24.7% from the prior year.

Cash & Debt

$590.0M

YoY+14.1%

5Y CAGR-2.3%

10Y CAGR+0.5%

L3Harris Technologies Inc held $590.0M in cash against $9.2B in long-term debt as of fiscal year 2026.

Dividends Per Share

$4.80

YoY+3.4%

L3Harris Technologies Inc paid $4.80 per share in dividends in fiscal year 2026. This represents an increase of 3.4% from the prior year.

Shares Outstanding

186M

YoY-0.3%

5Y CAGR-2.9%

10Y CAGR+5.9%

L3Harris Technologies Inc had 186M shares outstanding in fiscal year 2026. This represents a decrease of 0.3% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

8.2%

YoY+0.3pp

5Y CAGR+2.1pp

10Y CAGR-21.1pp

L3Harris Technologies Inc's ROE was 8.2% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 0.3 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$1.2B

YoY+108.3%

10Y CAGR+14.4%

L3Harris Technologies Inc spent $1.2B on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 108.3% from the prior year.

Capital Expenditures

$424.0M

YoY+3.9%

10Y CAGR+7.7%

L3Harris Technologies Inc invested $424.0M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 3.9% from the prior year.

LHX Income Statement

Metric	FY26	FY25	FY23	FY22	FY21	FY20
Revenue	N/A	$21.3B+9.8%	$19.4B+13.8%	$17.1B-4.2%	$17.8B+38.6%	$12.9B
Cost of Revenue	N/A	$15.8B+10.5%	$14.3B+17.9%	$12.1B-2.4%	$12.4B+36.9%	$9.1B
Gross Profit	N/A	$5.5B+8.0%	$5.1B+3.8%	$4.9B-8.4%	$5.4B+42.7%	$3.8B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$3.4B-3.9%	$3.6B+7.7%	$3.3B+10.5%	$3.0B-8.6%	$3.3B+29.1%	$2.5B
Operating Income	$2.1B+10.0%	$1.9B+34.5%	$1.4B+26.5%	$1.1B-46.6%	$2.1B	N/A
Interest Expense	N/A	N/A	-$543.0M-94.6%	-$279.0M-5.3%	-$265.0M-222.1%	$217.0M
Income Tax	$326.0M+283.5%	$85.0M+269.6%	$23.0M-89.2%	$212.0M-51.8%	$440.0M+201.4%	$146.0M
Net Income	$1.6B+6.9%	$1.5B+22.4%	$1.2B+15.5%	$1.1B-42.5%	$1.8B+38.5%	$1.3B
EPS (Diluted)	$8.53+8.4%	$7.87+22.2%	$6.44+17.3%	$5.49-39.6%	$9.09+15.2%	$7.89

Metric	Q1'27	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25
Revenue	$5.7B-73.7%	$21.9B+286.4%	$5.7B+4.3%	$5.4B+5.7%	$5.1B-75.9%	$21.3B+303.0%	$5.3B-0.1%	$5.3B
Cost of Revenue	$4.3B-73.3%	$16.2B+289.9%	$4.2B+1.8%	$4.1B+8.2%	$3.8B-76.1%	$15.8B+308.0%	$3.9B-1.7%	$3.9B
Gross Profit	$1.4B-75.1%	$5.6B+276.5%	$1.5B+11.9%	$1.3B-1.1%	$1.4B-75.6%	$5.5B+289.3%	$1.4B+4.3%	$1.4B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$750.0M	N/A	$873.0M+14.3%	$764.0M-7.4%	$825.0M	N/A	$924.0M+4.5%	$884.0M
Operating Income	$652.0M-69.1%	$2.1B+239.8%	$621.0M+8.8%	$571.0M+8.8%	$525.0M-72.6%	$1.9B+287.5%	$495.0M+4.0%	$476.0M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	$166.0M+196.5%	-$172.0M
Income Tax	$77.0M	N/A	$105.0M+59.1%	$66.0M-9.6%	$73.0M	N/A	$26.0M+13.0%	$23.0M
Net Income	$512.0M	N/A	$462.0M+0.9%	$458.0M+18.7%	$386.0M	N/A	$400.0M+9.3%	$366.0M
EPS (Diluted)	$2.72	N/A	$2.46+0.8%	$2.44+19.6%	$2.04	N/A	$2.10+9.4%	$1.92

LHX Balance Sheet

Metric	FY26	FY25	FY23	FY22	FY21	FY20
Total Assets	$41.4B+0.3%	$41.2B-1.1%	$41.7B+24.3%	$33.5B-3.4%	$34.7B-8.9%	$38.1B
Current Assets	$8.9B+17.1%	$7.6B-5.7%	$8.1B+19.3%	$6.8B+6.2%	$6.4B-11.8%	$7.2B
Cash & Equivalents	$590.0M+14.1%	$517.0M-7.7%	$560.0M-36.4%	$880.0M-6.5%	$941.0M+41.9%	$663.0M
Inventory	$1.2B-1.4%	$1.3B-14.9%	$1.5B+14.0%	$1.3B+31.5%	$982.0M-0.8%	$990.0M
Accounts Receivable	$1.9B+27.4%	$1.5B+22.0%	$1.2B-1.7%	$1.3B+19.7%	$1.0B-18.2%	$1.3B
Goodwill	$20.0B-1.7%	$20.3B+1.8%	$20.0B+15.6%	$17.3B-5.0%	$18.2B-5.6%	$19.3B
Total Liabilities	$21.7B-1.9%	$22.1B-3.2%	$22.9B+53.4%	$14.9B-3.8%	$15.5B-4.4%	$16.2B
Current Liabilities	$8.6B+15.5%	$7.4B-6.9%	$8.0B+38.6%	$5.8B+26.9%	$4.6B-11.2%	$5.1B
Long-Term Debt	$9.2B-16.3%	$11.0B-1.6%	$11.2B+79.3%	$6.2B-11.7%	$7.0B+12.0%	$6.3B
Total Equity	$19.7B+2.9%	$19.1B+2.0%	$18.8B+1.3%	$18.5B-3.6%	$19.2B-12.3%	$21.9B
Retained Earnings	$4.4B+16.7%	$3.8B+17.6%	$3.2B+9.4%	$2.9B+0.9%	$2.9B+35.6%	$2.2B

Metric	Q1'27	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25
Total Assets	$41.4B+0.4%	$41.2B+0.4%	$41.0B-0.5%	$41.2B0.0%	$41.2B-1.8%	$42.0B+0.3%	$41.9B+0.6%	$41.7B
Current Assets	$8.9B+3.5%	$8.6B+13.2%	$7.6B-0.2%	$7.6B+0.2%	$7.6B-7.6%	$8.2B-1.0%	$8.3B+3.2%	$8.0B
Cash & Equivalents	$590.0M-44.8%	$1.1B+215.3%	$339.0M-29.7%	$482.0M-6.8%	$517.0M-15.9%	$615.0M+14.1%	$539.0M-1.5%	$547.0M
Inventory	$1.2B+1.2%	$1.2B-5.6%	$1.3B+2.6%	$1.3B+0.5%	$1.3B-5.9%	$1.3B-4.9%	$1.4B-2.3%	$1.4B
Accounts Receivable	$1.9B+39.5%	$1.4B-10.3%	$1.5B+6.3%	$1.4B-4.3%	$1.5B+40.0%	$1.1B+2.9%	$1.0B-15.3%	$1.2B
Goodwill	$20.0B-0.1%	$20.0B-1.8%	$20.4B0.0%	$20.4B+0.2%	$20.3B+0.1%	$20.3B-0.5%	$20.4B+0.3%	$20.4B
Total Liabilities	$21.7B+0.6%	$21.6B+0.4%	$21.5B-2.2%	$22.0B-0.7%	$22.1B-1.4%	$22.4B-1.8%	$22.8B+0.3%	$22.8B
Current Liabilities	$8.6B+19.0%	$7.2B+8.9%	$6.6B-9.3%	$7.3B-1.7%	$7.4B-2.4%	$7.6B-4.3%	$8.0B-11.2%	$9.0B
Long-Term Debt	$9.2B-12.0%	$10.4B-5.0%	$11.0B+0.2%	$11.0B0.0%	$11.0B-0.9%	$11.1B-0.1%	$11.1B+5.3%	$10.5B
Total Equity	$19.7B+0.2%	$19.6B+0.5%	$19.5B+1.3%	$19.3B+0.8%	$19.1B-2.0%	$19.5B+2.7%	$19.0B+0.8%	$18.8B
Retained Earnings	$4.4B+5.0%	$4.2B+1.0%	$4.2B+5.1%	$4.0B+4.8%	$3.8B+1.3%	$3.7B+6.4%	$3.5B+4.4%	$3.4B

LHX Cash Flow Statement

Metric	FY26	FY25	FY23	FY22	FY21	FY20
Operating Cash Flow	$3.1B+21.4%	$2.6B+22.1%	$2.1B-2.9%	$2.2B-19.7%	$2.7B	N/A
Capital Expenditures	$424.0M+3.9%	$408.0M-9.1%	$449.0M+78.2%	$252.0M-26.3%	$342.0M	N/A
Free Cash Flow	$2.7B+24.7%	$2.2B+30.6%	$1.6B-13.6%	$1.9B-18.7%	$2.3B	N/A
Investing Cash Flow	$407.0M+254.8%	-$263.0M+96.3%	-$7.0B-2708.4%	-$250.0M-117.9%	$1.4B	N/A
Financing Cash Flow	-$3.1B-38.6%	-$2.2B-148.4%	$4.6B+335.5%	-$2.0B+55.8%	-$4.4B	N/A
Dividends Paid	$903.0M+1.9%	$886.0M+2.1%	$868.0M+0.5%	$864.0M+5.8%	$817.0M	N/A
Share Buybacks	$1.2B+108.3%	$554.0M+6.9%	$518.0M-52.2%	$1.1B-70.5%	$3.7B	N/A

Metric	Q1'27	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25
Operating Cash Flow	-$95.0M-104.8%	$2.0B+259.3%	$546.0M-14.7%	$640.0M+1623.8%	-$42.0M-103.7%	$1.1B+44.7%	$780.0M+3.4%	$754.0M
Capital Expenditures	$99.0M-37.3%	$158.0M+32.8%	$119.0M+35.2%	$88.0M+49.2%	$59.0M-50.0%	$118.0M+51.3%	$78.0M-19.6%	$97.0M
Free Cash Flow	-$194.0M-110.8%	$1.8B+322.5%	$427.0M-22.6%	$552.0M+646.5%	-$101.0M-110.0%	$1.0B+44.0%	$702.0M+6.8%	$657.0M
Investing Cash Flow	-$97.0M+25.4%	-$130.0M-0.8%	-$129.0M-65.4%	-$78.0M-110.5%	$744.0M+764.3%	-$112.0M-20.4%	-$93.0M-260.3%	$58.0M
Financing Cash Flow	-$284.0M+74.3%	-$1.1B-97.7%	-$560.0M+8.2%	-$610.0M+24.2%	-$805.0M+12.0%	-$915.0M-29.1%	-$709.0M+4.7%	-$744.0M
Dividends Paid	$238.0M+5.8%	$225.0M0.0%	$225.0M0.0%	$225.0M-1.3%	$228.0M+3.2%	$221.0M+0.5%	$220.0M-0.5%	$221.0M
Share Buybacks	$296.0M+89.7%	$156.0M-11.4%	$176.0M-30.4%	$253.0M-55.5%	$569.0M+1254.8%	$42.0M-77.9%	$190.0M+113.5%	$89.0M

LHX Financial Ratios

Metric	FY26	FY25	FY23	FY22	FY21	FY20
Gross Margin	N/A	25.9%-0.4pp	26.3%-2.6pp	28.9%-1.3pp	30.2%+0.9pp	29.3%
Operating Margin	N/A	9.0%+1.6pp	7.3%+0.7pp	6.6%-5.2pp	11.8%	N/A
Net Margin	N/A	7.0%+0.7pp	6.3%+0.1pp	6.2%-4.1pp	10.4%-0.0pp	10.4%
Return on Equity	8.2%+0.3pp	7.8%+1.3pp	6.5%+0.8pp	5.7%-3.9pp	9.6%+3.5pp	6.1%
Return on Assets	3.9%+0.2pp	3.6%+0.7pp	2.9%-0.2pp	3.2%-2.1pp	5.3%+1.8pp	3.5%
Current Ratio	1.03+0.0	1.02+0.0	1.01-0.2	1.17-0.2	1.40-0.0	1.41
Debt-to-Equity	0.47-0.1	0.57-0.0	0.59+0.3	0.34-0.0	0.37+0.1	0.29
FCF Margin	N/A	10.1%+1.6pp	8.5%-2.7pp	11.2%-2.0pp	13.2%	N/A

Metric	Q1'27	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25
Gross Margin	24.4%-1.3pp	25.7%-0.7pp	26.4%+1.8pp	24.6%-1.7pp	26.3%+0.4pp	25.9%-0.9pp	26.8%+1.1pp	25.7%
Operating Margin	11.3%+1.7pp	9.7%-1.3pp	11.0%+0.5pp	10.5%+0.3pp	10.2%+1.2pp	9.0%-0.4pp	9.3%+0.4pp	9.0%
Net Margin	8.9%	N/A	8.2%-0.3pp	8.4%+0.9pp	7.5%	N/A	7.6%+0.7pp	6.9%
Return on Equity	2.6%	N/A	2.4%-0.0pp	2.4%+0.4pp	2.0%	N/A	2.1%+0.2pp	1.9%
Return on Assets	1.2%	N/A	1.1%+0.0pp	1.1%+0.2pp	0.9%	N/A	0.9%+0.1pp	0.9%
Current Ratio	1.03-0.2	1.19+0.0	1.14+0.1	1.04+0.0	1.02-0.1	1.08+0.0	1.04+0.1	0.90
Debt-to-Equity	0.47-0.1	0.53-0.0	0.560.0	0.570.0	0.570.0	0.57-0.0	0.58+0.0	0.56
FCF Margin	-3.4%-11.6pp	8.3%+0.7pp	7.5%-2.6pp	10.2%+12.1pp	-2.0%-6.7pp	4.7%-8.5pp	13.3%+0.9pp	12.4%

Similar Companies

Axon Enterprise AXON

$31.4B

Howmet Aerospace Inc HWM

$104.0B

Transdigm Group TDG

$67.6B

Heico Corp HEI

$42.0B

General Dynamics Corp GD

$91.6B

Frequently Asked Questions

Is L3Harris Technologies Inc profitable?

Yes, L3Harris Technologies Inc (LHX) reported a net income of $1.6B in fiscal year 2026.

What is L3Harris Technologies Inc's EBITDA?

L3Harris Technologies Inc (LHX) had EBITDA of $3.3B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does L3Harris Technologies Inc have?

As of fiscal year 2026, L3Harris Technologies Inc (LHX) had $590.0M in cash and equivalents against $9.2B in long-term debt.

Does L3Harris Technologies Inc pay dividends?

Yes, L3Harris Technologies Inc (LHX) paid $4.80 per share in dividends during fiscal year 2026.

What is L3Harris Technologies Inc's return on equity (ROE)?

L3Harris Technologies Inc (LHX) has a return on equity of 8.2% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What is L3Harris Technologies Inc's free cash flow?

L3Harris Technologies Inc (LHX) generated $2.7B in free cash flow during fiscal year 2026. This represents a 24.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is L3Harris Technologies Inc's operating cash flow?

L3Harris Technologies Inc (LHX) generated $3.1B in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are L3Harris Technologies Inc's total assets?

L3Harris Technologies Inc (LHX) had $41.4B in total assets as of fiscal year 2026, including both current and long-term assets.

What are L3Harris Technologies Inc's capital expenditures?

L3Harris Technologies Inc (LHX) invested $424.0M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Does L3Harris Technologies Inc buy back shares?

Yes, L3Harris Technologies Inc (LHX) spent $1.2B on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

How many shares does L3Harris Technologies Inc have outstanding?

L3Harris Technologies Inc (LHX) had 186M shares outstanding as of fiscal year 2026.

What is L3Harris Technologies Inc's current ratio?

L3Harris Technologies Inc (LHX) had a current ratio of 1.03 as of fiscal year 2026, which is considered adequate.

What is L3Harris Technologies Inc's debt-to-equity ratio?

L3Harris Technologies Inc (LHX) had a debt-to-equity ratio of 0.47 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is L3Harris Technologies Inc's return on assets (ROA)?

L3Harris Technologies Inc (LHX) had a return on assets of 3.9% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is L3Harris Technologies Inc's Piotroski F-Score?

L3Harris Technologies Inc (LHX) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are L3Harris Technologies Inc's earnings high quality?

L3Harris Technologies Inc (LHX) has an earnings quality ratio of 1.93x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is L3Harris Technologies Inc?

L3Harris Technologies Inc (LHX) scores 38 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.